Automotive Powertrain Electronics Market - Historic Data (2019-2024), Global Trends 2025, Growth Forecasts 2037
Automotive Powertrain Electronics Market in 2025 is assessed at USD 69.19 billion. The global market size was valued at more than USD 64.88 billion in 2024 and is expected to register a CAGR of over 8.3%, exceeding USD 182.93 billion revenue by 2037. Asia Pacific is projected to climb to USD 73.17 billion by 2037, due to the growing demand for EV batteries and powertrain electronics.
The reason behind the growth is impelled by surge in the demand for automotive electronic components. The demand from consumers for high-end, technologically advanced vehicles with integration and implementation of current safety technologies such as automated airbags, parking assistance systems, and emergency braking, is expected to drive market growth.For instance, electronics are projected to account for about 50% of the cost of the new car by 2030.
The growing vehicle fleet is believed to fuel the demand for automotive powertrain electronics with research and custom development of advanced electronics used in automobiles to improve its overall performance and longevity.For instance, it was found that the Indian auto industry produced a total of 22,933,000 vehicles in the financial year 2020.
Automotive Powertrain Electronics Sector: Growth Drivers and Challenges
Growth Drivers
- Increasing Need for Vehicle Propulsion Systems – These systems are increasingly being used in electric and hybrid vehicles, which often require sophisticated energy management, which necessitates the use of automotive powertrain electronics.
- The Rising Trend of Autonomous Vehicles- These vehicles rely on complex electronic systems such as electronic control units (ECUs) and domain control units (DCUs) to control the powertrain effectively. This has significantly driven market growth.
It was found that there were over 30 million autonomous cars globally in 2019, and this number is expected to reach nearly 54 million in 2024.
Challenges
- Shortage of Raw Materials, Especially Semiconductor Chips – The expanding use of new semiconductors in various applications, such as automotive and industrial applications was altered by the coronavirus outbreak, which also affected the world’s supply of chips. The pandemic’s initial impact was felt in China and Taiwan, the most prominent chip-producing nations, where companies were forced to close down. Even though the production bounced back, semiconductor sales increased in 2020, and unexpected demand spikes spurred on by shifting consumer behavior as well as issues with capacity allocation led to a worldwide chip shortage in the year 2021.
- Lack of Efficiency
- Low-Cost Power Module Packaging
Automotive Powertrain Electronics Market: Key Insights
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Base Year |
2024 |
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Forecast Year |
2025-2037 |
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CAGR |
8.3% |
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Base Year Market Size (2024) |
USD 64.88 billion |
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Forecast Year Market Size (2037) |
USD 182.93 billion |
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Regional Scope |
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Automotive Powertrain Electronics Segmentation
Vehicle Type (Commercial Vehicles, Passenger Cars)
The passenger cars segment in the automotive powertrain electronics market is estimated to gain a robust revenue share of 86% in the coming years owing to the growing production of passenger cars across the globe. As the per capita income of people across the globe is rising more people can afford passenger cars, which has increased its production. These cars require powertrain electronic systems to meet fuel efficiency, control emissions, and manage battery systems.
For instance, globally more than 55 million passenger cars were produced worldwide in 2021.
Component Type (Converter, Electric Motor, On-board Charger, Cell Module Controller, Inverter, Battery Management System)
The electric motor segment is set to garner a notable share shortly backed by growing demand for electric motors in EVs. All-electric vehicles, also known as battery electric vehicles (BEVs), have an electric motor since they only run on battery power. These motors require powertrain electronics to control and optimize the complete flow of energy in EVs and also manage the motor’s speed.
Our in-depth analysis of the global market includes the following segments:
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Component Type |
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Device Type |
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Application |
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Vehicle Type |
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Customize this ReportAutomotive Powertrain Electronics Industry- Regional Synopsis
APAC Market Forecast
Automotive powertrain electronics market in Asia Pacific is predicted to account for the largest share of 40% by 2037 impelled by the growing demand for EV batteries. China is the largest market for electric vehicles (EVs) in the region which has increased the demand for EV batteries. These batteries require advanced power management systems and battery management systems to improve overall performance and efficient charging, leading to higher demand for automotive powertrain electronics in the region. For instance, it was found that as of 2022 China dominated EV battery production with approximately 70% of all battery cells.
European Market Statistics
The Europe automotive powertrain electronics market is estimated to be the second largest, during the forecast timeframe led by growing investment in electric and hybrid powertrains. Since hybrid electric vehicles are powered by internal combustion engines, there may be a rise in the demand for automotive powertrain electronics in the region.
Companies Dominating the Automotive Powertrain Electronics Landscape
- Schaeffler AG
- Company Overview
- Business Strategy
- Key Product Offerings
- Financial Performance
- Key Performance Indicators
- Risk Analysis
- Recent Development
- Regional Presence
- SWOT Analysis
- AVL List Gmbh
- SEG Automotive Germany Gmbh
- Robert Bosh Gmbh
- Mitsubishi Electric Corporation
- Infineon Technologies AG
- NXP Semiconductors N.V.
- Texas Instruments Incorporated
- Renesas Electronics Corporation
- STMicroelectronics International N.V.
- Denso Corporation
- Alps Alpine Co., Ltd.
In the News
- Schaeffler AG developed high quality electric motors for commercial vehicles that are more than 97% efficient providing a continuous drive power output of up to 300 kW. It has 800-volt power electronics that deliver weight and cost savings for manufacturers, and require shorter charging times with an innovative thermal management system.
- Renesas Electronics Corporation announced a new Intelligent Power Device (IPD) for automobiles, known as the RAJ2810024H12HPD. With this device, vehicles can distribute power safely and flexibly, addressing E/E (electrical/electronic) architecture requirements in the future.
Author Credits: Richa Gupta
- Report ID: 4511
- Published Date: Apr 23, 2025
- Report Format: PDF, PPT
